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SYMPHONY Share Price Target

Symphony Ltd.
Sector: Consumer Durables
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SYMPHONY Share Price *
1,326.95 +111.8 (9.2%)
* (quote may be delayed)
SYMPHONY Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
5
Average Consensus Forecast
1414.38
Consensus Potential
11.12%

SYMPHONY Share Price Target - Broker Reports - 2019

Axis Direct
5-Aug-19
Price @ Call: 1230.71
Target: 1398
BUY
With continuous innovation and launch of new higher margin products, higher contribution from subsidiaries, we expect the revenues to grow at ~17% CAGR between FY19-21E. However increasing competition may pose a threat to companies pricing power and existing market share, as company plans to focus on growth and profitability. While we expect the company to maintain growth momentum, we maintain target of Rs 1,398 valuing Symphony at 42x FY21E EPS of Rs 33.2.
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HDFC Securities
2-Aug-19
Price @ Call: 1254.8
Target: 1686
BUY
Symphony’s 1Q performance was a blowout, even beat our aggressive estimates. 1Q performance has proved the naysayers wrong about the relevance of air coolers (in the era of fast growing RAC) and Symphony’s market share loss. Growth visibility for FY20E is high despite slowdown in macros owing to low channel inventory and new launches. We maintain our estimates and value Symphony at 45x Jun- 21 EPS, arriving at a TP of Rs 1,686. Maintain BUY.
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ICICIdirect.com
2-Aug-19
Price @ Call: 1254.8
Target: 1295
HOLD
We model revenue, earnings CAGR of 21%, 7%, respectively, in FY18-21E led by strong volume growth in the domestic business. Despite a strong recovery in Q1FY20, we believe consolidated EBITDA margins in the medium term would be under stress due to rising competition and consolidation of low margin business (consolidated EBITDA margin ~23% vs. standalone EBITDA margin of ~30%). Hence, we maintain HOLD rating on the stock with a revised target price of Rs 1295 (valuing at 38x FY21E).
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Axis Direct
25-Mar-19
Price @ Call: 1317
Target: 1469
BUY

Axis Direct
28-Feb-19
Price @ Call: 1230
Target: 1680
BUY

SYMPHONY Share Price Target - Broker Reports - 2018

Geojit Financial Services
3-Dec-18
Price @ Call: 1010.41
Target: 1046
HOLD

Religare
19-Nov-18
Price @ Call: 997.75
Target: 1059
BUY

HDFC Securities
31-Oct-18
Price @ Call: 894.28
Target: 1682
BUY

Edelweiss
25-Jul-18
Price @ Call: 1392.45
Target: 1605
BUY

ICICIdirect.com
25-Jul-18
Price @ Call: 1181
Target: 1350
BUY

ICICIdirect.com
26-Jun-18
Price @ Call: 1471.15
Target: 1795
BUY

HDFC Securities
25-Jun-18
Price @ Call: 1474.96
Target: 2059
BUY

Edelweiss
23-May-18
Price @ Call: 1451.45
Target: 1915
BUY

ICICIdirect.com
23-May-18
Price @ Call: 1451.45
Target: 1795
BUY

HDFC Securities
23-May-18
Price @ Call: 1451.45
Target: 1983
BUY

AnandRathi
16-Apr-18
Price @ Call: 1859.39
Target: 1475
SELL

HDFC Securities
4-Apr-18
Price @ Call: 1798.25
Target: 2150
BUY

ICICIdirect.com
25-Jan-18
Price @ Call: 1894.51
Target: 2110
BUY

Edelweiss
24-Jan-18
Price @ Call: 1965.25
Target: 2100
HOLD

SYMPHONY Share Price Target - Broker Reports - 2017

Religare
24-Nov-17
Price @ Call: 1588.07
Target: 1714
BUY

ICICIdirect.com
6-Nov-17
Price @ Call: 1570.72
Target: 1650
BUY

Edelweiss
1-Nov-17
Price @ Call: 1468
Target: 1789
BUY

YES Securities
23-Oct-17
Price @ Call: 1431
Target: 1702
ACCUMULATE

Edelweiss
8-Sep-17
Price @ Call: 1310.15
Target: 1789
BUY

KRChoksey
18-Aug-17
Price @ Call: 1248
Target: 1448
BUY

Geojit Financial Services
17-Aug-17
Price @ Call: 1233.5
Target: 1418
BUY

ICICIdirect.com
11-Aug-17
Price @ Call: 1201.8
Target: 1430
BUY

ICICIdirect.com
17-May-17
Price @ Call: 1453
Target: 1623
BUY

KRChoksey
17-May-17
Price @ Call: 1419
Target: 1653
BUY

ICICIdirect.com
14-Feb-17
Price @ Call: 1293
Target: 1530
BUY

SYMPHONY Share Price Target - Broker Reports - 2016

ICICIdirect.com
26-Oct-16
Price @ Call: 1388
Target: 1530
BUY

  • SYMPHONY - Share Price Target Potential

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    BrokerageTargetPotential
    Axis Direct1,39813.08%
    HDFC Securities1,68627.93%
    ICICIdirect.com1,2956.17%
    Geojit Financial Services1,046-16.17%
    Religare1,059-14.75%